CRD Number 110263
Evart, Young & Hobbs Investment Management is an investment adviser registered with the U.S. Securities and Exchange Commission. Brokerage and investment advisory services and fees differ and it is important to understand the differences. Free and simple tools are available to research firms and financial professionals at Investor.gov/CRS, which also provides educational materials about broker- dealers, investment advisors, and investing.
What investment services and advice can you provide me?
We offer asset management and financial planning services to clients. Investment advisory services are provided on a discretionary basis which means we don’t need to call you when buying or selling in your account. You give us this authority when you sign our investment management agreement. This agreement will remain in place until you or we terminate it. As part of this service we may provide some financial planning services on an as-needed basis. In addition, we furnish advice to you on matters not involving securities, such as taxation issues and trust services that often include estate planning.
Our investment planning process ensures the design of a strategic investment plan that is customized to each client’s unique goals and objectives yet is flexible enough to respond to a client’s changing financial circumstances. This process includes:
- Initial consultation
- Financial analysis
- Asset allocation modeling
- Investment Selection
- Portfolio Monitoring & Rebalancing
We do not restrict our advice to limited types of products or investments. Our current minimum for new clients is $500,000 in investable assets with us. This minimum may be waived at our discretion.
Client accounts are reviewed on a quarterly basis by Derek Hobbs, President and Carlos Perez, Investment Advisor Representative. More frequent review is performed when dramatic events occur that impact the stock market, if asset allocation targets are out of alignment or if there is a change in client’s financial circumstances.
Additional information about our services is located in Items 4, 5, 7, 13 and 16 of our Firm Brochure (adviserinfo.sec.gov/firm/brochure/110263).
- Given my financial situation, should I choose an investment advisory service? Why or why not?
- How will you choose investments to recommend to me?
What is your relevant experience, including your licenses, education and other qualifications? What do these qualifications mean?
What fees will I pay?
You will be charged an ongoing annual fee, billed in quarterly installments. This fee is billed in advance based on your account value as of the last day of the prior calendar quarter. For example, your fees for January – March will be billed in January based on the December 31 account value. Our fees vary based on your assets under management and range from 0.25% to 1.00%. Fees are negotiable at our sole discretion. Financial planning services are included within this fee for current clients. The more assets you have in your advisory account, the more you will pay us. This gives us an incentive to encourage you to increase the assets in your account which will increase our fees.
The broker/dealer (custodian) that holds your assets can charge you a transaction fee when we buy or sell an investment for you. The broker/dealer’s transaction fees are in addition to our fee for advisory services if you are not in the wrap program.
You may also pay charges imposed by the broker/dealer holding your account for certain investments and maintaining your account. Some investments, such as mutual funds, index funds, exchange traded funds, and variable annuities charge additional fees that will reduce the value of your investments over time.
You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time. Please make sure you understand what fees and costs you are paying. Additional information about these fees and costs may be found in Items 5 and 12 of our Firm Brochure.
Help me understand how these fees and costs might affect my investment. If I give you $10,000 to invest, how much will go to fees and costs, and how much will be invested for me?
What are your legal obligations to me when acting as my investment advisor? How else does your firm make money and what conflicts of interest do you have?
When we act as your investment adviser, we have to act in your best interest and not put our interest ahead of yours. At the same time, the way we make money creates some conflicts with your interests. You should understand and ask us about these conflicts because they can affect the investment advice we provide you. Here are some examples to help you understand what this means.
We recommend Charles Schwab & Co., Inc. to serve as custodian to our clients. Schwab provides us with certain products and services at no cost that benefit us but do not benefit our clients. Some of these products and services assist us in managing and administering our clients’ accounts and others help us develop our business. The receipt of these products and services creates a conflict of interest because it gives us an incentive to have clients choose Schwab as a custodian.
Additional information about our conflicts of interest is located in Items 12 and 14 of our Firm Brochure.
How might your conflicts of interest affect me, and how will you address them?
How do your financial professionals make money?
Our financial services professionals are compensated on a portion of the total fees received by the firm and a base salary.
Do you or your financial professionals have legal or disciplinary history?
No. Investor.gov/CRS is a free and simple search tool to research Evart, Young & Hobbs Investment Management and our financial professionals.
As a financial professional, do you have any disciplinary history? For what type of conduct?
Additional information about our investment advisory services is available in our Firm Brochure and our website. You may request a current copy of this relationship summary at (650) 802-0342 or download it here (adviserinfo.sec.gov/firm/summary/110263).
Who is my primary contact person? Is he or she a representative of an investment adviser or a broker-dealer?
Who can I talk to if I have concerns about how this person is treating me?